Jim Cramer broke down each holding Wednesday during the October Monthly Meeting.
Check out the companies making headlines in midday trading: Novavax — Shares plunged more than 17% after the biotech company said the U.S. Food and Drug Administration put a clinical hold on its application for a Covid and influenza combination shot as well as a stand-alone flu vaccine. United...
Medical device maker Abbott Laboratories on Wednesday delivered better-than-expected quarterly results and upped its earnings guidance for the third straight quarter. Shares rose more than 1%, shaking off an initially subdued reaction. Revenue in the three months ended Sept. 30 rose 4.9% to $10.64 billion, topping estimates of $10.55...
Editor's note: Check back shortly to read our full earnings commentary. Morgan Stanley shares soared to all-time highs Wednesday after third-quarter beats on the bank's top and bottom lines, with strength seen across the board. Revenue for the three months ended Sept. 30 increased nearly 16% year over year...
Jim Cramer broke down each...
Gregg Greenberg spent 14 years as a journalist at TheStreet.com where he wrote the highly popular column "The 5 Dumbest Things on Wall Street This Week". His work has appeared in magazines ranging from Glamour to ESPN the Magazine, and on humor sites such as Points in Case.
With Congress seeking to tamp down on ESG and the first 401(k) lawsuit over ESG having been filed, some employers are scared about the idea of including sustainable investment options in their retirement plans. More than 70% of retirement plan consultants and aggregators say that political uncertainty is a leading...
The U.S. economy showed few signs of recession in the second quarter, as gross domestic product grew at a faster-than-expected pace during the period, the Commerce Department reported Thursday.GDP, the sum of all goods and services activity, increased at a 2.4% annualized rate for the April-through-June period, better than...
Turkish Central Bank Governor Hafize Gaye Erkan answers questions during a news conference for the Inflation Report 2023-III in Ankara, Turkey on July 27, 2023.Anadolu Agency | Anadolu Agency | Getty ImagesTurkey's central bank expects inflation to hit 58% by the end of 2023, its new governor Hafize Gaye...
The Federal Reserve raised the target federal funds rate by a quarter of a point Wednesday, in its continued effort to tame inflation.In a move that financial markets had completely priced in, the central bank's Federal Open Market Committee raised the funds rate to a target range of 5.25% to 5.5%....
InvestmentNews columnist Ed Slott got a lot of people thinking about Roth IRA and Roth 401(k) strategies this week — and whether traditional tax-deferred saving should be anyone’s go-to in the current tax environment. In his column Monday, Slott urged advisors to be “sounding the alarm” about growing pretax balances...
President Joe Biden has nominated former Maryland Gov. Martin O’Malley as the next commissioner of the Social Security Administration. The agency is responsible for distributing Social Security to more than 70 million beneficiaries and commands a $1 trillion budget, according to Reuters, which reported O’Malley’s selection Wednesday. It has been...
Brokers and investment advisors would have to remediate conflicts of interest related to interactions with investors conducted through artificial intelligence, predictive analytics and similar technology under a proposal released Wednesday by the SEC. By a 3-2 vote, the Securities and Exchange Commission approved releasing a 243-page proposal for public comment...
